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Samsung Cuts 3Q Profit Outlook on Note 7 Impact

Industries Reuters

Samsung on Wednesday cut its third-quarter operating profit guidance to 5.2 trillion won ($4.66 billion) from 7.8 trillion won due to the impact of pulling its Galaxy Note 7 smartphones off the market.

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Samsung, in a regulatory filing, also cut its July-September revenue estimate to 47 trillion won from the 49 trillion won it guided for last week.


(Reporting by Se Young Lee; Editing by Lincoln Feast)